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Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’ (fortune.com)

submitted 1 day ago by cm0002@lemmy.zip to c/usa@midwest.social

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The entire US economy right now is 7 companies sending a trillion fake dollars back and forth to each other, but it's totally not a bubble according to grampa Powell.

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[–] DarrinBrunner@lemmy.world 1 points 16 hours ago (1 children)

Yeah. Okay. Just cut the interest rate, and shut up.

[–] DragonTypeWyvern@midwest.social 1 points 7 hours ago

What an excellent way to continue not fixing inflation